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to is saying, look, we took a big bet on this debt ceiling thing opening to use the mefrj to make the president agree to spending cuts. what house republicans want. it's not working. everything he wants meager spending reform, wants higher taxes or he's saying he seems to be willing to go all the the way to shut down default. lets he' step back and let him take control of this and consequences of the action of not dealing with real spending reform. >> paul: dan, sellout. is this giving up too easily as a lot of right wing,are saying? >> no, i don't think so, paul. i think they overestimated their ability to leverage the president into big spending cuts. somehow, it seems to me, behind all this have is a misunderstanding about the power of the presidency, it is vast and getting into a big fight over big spending cuts and let's make it clear here, we're talking about reforming entitlement spending, medicare, medicaid spending to try to get into a debt limit negotiation and force the president of the united states to reform medicare if he doesn't want to i think is fruitless and they discovered th
to be downgraded. >> whether we get downgraded or not. i don't think that's going to have that big an impact on the treasury markets. right now, there's a flight to quality and everybody is coming to the u.s. i think with more important and with the markets will be looking for is how this is handled politically. if the debt ceiling is raised and it's a big victory for president obama, because the republicans play into his hands, then i think it's going to spell, you know, looking forward that there's not going to be any structural changes, that we are going to have our tax increases and so forth. but if the republicans give this to president obama and say, look, we did our best. we wanted to cut spending, we wanted to cut taxes, and you didn't let us. and if president obama is forced to own that, then in november, 2012, there will be a referendum on that question. >> james, i can't help, but think that if we are downgraded, our financial reputation, our standing in the world, takes a hit. so, you know, i press that question, is a downgrade looking ever more likely? >> well, i think whether o
hopes for a big deal to reduce the deficit and raise the debt ceiling. he also said what is on everybody's mind. >> we are running out of time. >> reporter: on that, republicans and democrats agree. >> there is no more road left to kick the can down the road. if we don't act in a timely way, bond markets will pistol whip us into doing what needs to be done. >> white house defines "timely" as a week from now. so wide are the differences after five straight days of talks that mr. obama sent the two sides to neutral corners to look where they might find common ground. >> you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised. through whatever mechmisms they can think about. >> reporter: the presidentthed come up with a plan to cut the deficit to reassure the market. with the world's three main credit agencies reviewing american's rating the downgrade would mean higher mortgage interest rate and higher loan on auto loan and credit card. >> which would be a tax increase on everybody. >> reporter: mr. obama said he put cut in social secu
ceiling extension. in other words no big deal. he's made a lot of demands here. i think the people in congress are willing to say we work together on a lot of things. let's work this out. and even maybe, if it ends up being a two-step process rather than all at once. >> and how does he save face if that happens? he doesn't want to say i lost public they got everything they wanted? >> we'll try to help him find a way to get off of the limb he's out on if that is what it takes. we've got to save money, not spending so much. extending the debt ceiling so our credit worthyness does not fall into question f you can't do it at once, then let's take it and bite-sized pieces where we can get the job done. this may take longer. >> thank you. >> thank you. >> and now the topic of the white house, what is going on behind the scenes there? is politics in the equation? sam, how is the white house doing in this? >> doing just slightly better than gone kon gres, not good at all. we know washington is broken for years, we're seeing duct tape and coat hangers holding it together are coming off, too
. this goes back to the sery this isas facist economy and you have big business and labor and government in cahoots with each other. he is a prime example of it . you are going to indict the system indict jeffrey and ge. they are not doing what they should be doing. >> they are getting a lot of assistance in subsidies and that is in from the government and he's got a lot of breaks because of that . a tax break. >> but to say that small businesses have gotten 17 different tax breaks is disingeniuses . that is why the republicans fought them on you want to help the small business, put the pay roll tax holiday on the business side and not the employee side. forget and help our businesses and put it on the businesses . balance sheet and we did not do that. i think it is pretty audacious for the president and gu as well to say businesses have all of that cash. they want to have a value . the president doesn't like self interest. he likes self sacrifice. that is why it is in a intregal role you don't have political pull you are screwed. >> that means they came out this week and supported boein
seal a budget deal? it doesn't sound like. they did have a big win tuesday with cut, cap and balance. still no debt deal on the table. the clock seems to be ticking very fast. our next guest is pointing the finger at president obama, calling the president clever and slick. what does he mean? we asked karl rove. nice to see you. >> great to see you. >> greta: in add's "wall street journal", you described the president's press conference a week ago you said it was a b -- buff foe performance. i telecommunication a tough of sarcasm, tell me what you mean? >> i mean ironic. it is not sarcastic, i'm being ironic. the president gave an outstanding theatrical performance. he started off by blaming others. we expected them to blame bush. he also blamed the democratic congress. saying they had runaway with the credit card. they were just doing what he was telling them to do. he insisted that others solve the problem. he said within 24 to 46 hours i demand congress give me a plan. he said the worst alternative to come out of this would be if we raise the debt ceiling without taking any steps t
barns is here and member of the gang of six joins us and says we need to do big thicks to solve this crisis. is speaker boehner's proposal big enough for him? what does he think of senator rere [ male annocer ] things seem better with travelocity's best price guarantee. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. >> greta: okay let's face it. default is bad. many describe it as catastrophic. this can scare investors and businesses around the world and we're all connected around the world. and the asian markets are open now and how are those markets react something peter barns joins us. >> asian markets are up now. >> greta: why? >> because did he the do not believe we're going to default or have a downgrade. u.s. stock markets don't, either z bond markets because if they did, if they thought there was going to be a default or a downgrade markets would be so much lower where they are n
on this straight ahead. but first, did you hear the other big news? senator coburn is back. he just reuped with the gang of six. he ditched them in may. now he's back. hours ago the gang announced a new debt plan. here's the hitch, yesterday senator coburn unveiled his own plan and then there's senate minority leader mcconnell's plan. which one of these plans is a sure fix? we asked senator coburn. yesterday the headlines why you had -- were you had a nine trillion plan. today you rejoined the gang of six. if you -- can you tell me the difference between the two plans? >> 5.3 trillion. >> greta: i knew i was in trouble. >> one fixes our complete problem. one gets us out of truck as a country the other moves news the -- out of trouble as a country. the other moves us in the direction. if you want us to borrow at the best rates of anybody in the world and put our economy back where it needs to be, with vibrant job creating economy. then you would do this nine trillion dollars. that gets us out of the risk of default. gets it back growing. solves the problems. takes await shackles we've put o
we don't make big cuts. >> john: if you can't pay workers' salaries. what is our future going to be? cuts so draconian you need a chainsaw to make them or sweat shops. we have choices to make. >> john: our government keeps spending. we're already $14.5 trillion in debt but you could say, so what. look around, america is doing pretty well. what is the worst that can happen? >> well, this could happen. these protests happened when greece with was so far in debt they had trouble borrowing money. an economist at the mercada center, she says greek riots is just the most visible. >> greeks still go on and they still serve. >> if you wanted to borrow money for a house or car, the interest rates will be dramatically high. >> greece spends so much by last year they owed more money than their entire economy produced. no wonder they are in trouble. we won't reach that level of debt until, oops, pretty soon. we're on a clear track to a greece type crisis. >> when there is no more money, there is just no more money. >> john: the federal government can print money. >> federal government can print
to the budget rather an machete. >> maybe we need to take one of these because we don't make big cuts. >> john: if you can't pay workers' salaries. what is our future going to be? cuts so draconian you need a chainsaw to make them or sweat shops. we have choices to make. >> john: our government keeps spending. we're already $14.5 trillion in debt but you could say, so what. look around, america is doing pretty well. what is the worst that can happen? >> well, this could happen. these protests happened when greece with was so far in debt they had trouble borrowing money. an economist at the mercada center, she says greek riots is just the most visible. >> greeks still go on and they still serve. >> if you wanted to borrow money for a house or car, the interest rates will be dramatically high. >> greece spends so much by last year they owed more money than their entire economy produced. no wonder they are in trouble. we won't reach that level of debt until, oops, pretty soon. we're on a clear track to a greece type crisis. >> when there is no more money, there is just no more money. >> john: the
and cut the loop holes that big corporations get and middle class get. john boehner said he doesn't have the vote to pass the deal that includes tax hikings. >> the president wanting the public to know that he is pushing that don't have the support to pass. >> republicans in the house want tax increases off of the table. the reason that the u.s. has a debt problem is not because americans are not paying enough to taxes but washington spends too much. >> the situation is gotten worse. in the first two years in office. discretionary spending sky rocketed 84 percent including the failed stim tim with the spending reaching 25 percent of the nation's out put. we haven't seen spending that live since world war ii. >> they intend to require the government to cap spending and set a higher thres hold of votes needed to raise taxes. china issued a warning to the white house. china said that meeting could harm the relations between the two count reese. the president said he didn't support tibetian independence but supports the protection and culture of the people. fox news is america's election hea
the debt ceiling only after congress passes a balanced budget amendment. congressman jordan you are big sponsor of this. president obama says that it would cut medicare and social security much more deep ply than paul ryan's budget plan. >> we like to view it as a common sense american plan. americans know we are spending too much. we are headed for a cliff. we are headed for bankruptcy. cut spending in year one and cap it as a percentage of the economy going forward. everyone understands our government is getting too big. let's do something historic. let's for the first time in american history pass a balanced budget amendment through the house and senate and send it to the states. let's make the federal government, the entity that has a $14 trillion debt, make us live under the requirement that everyone else has to live by. >> chris: what is wrong with cut, cap and balance and what are the chances it will get through the house and national and get signed by the president? >> no one should be fooled by this. they are not proposing a clean balanced budget amendment. they are proposing t
history, we have run this experiment of big government, big spending, big entitlements, big taxes. it has led to economic catastrophe. it's led to huge amounts of burden on the american people. >> bill: what economic catastrophe. >> ever since the beginning of the great society as you pointed out trillions of dollars that began the big uptick in deficit spending. some presidents have spent more than others, okay? >> bill: right. >> every time we have run the far left progressive experiment of dog out money whether it's entitlement programs, bill, whether it's going into the inner city and pumping god knows how many hundreds of billions into education, every time we have run those experiments, the exact opposite effect has happened. not only have the poor not been elevated out of poverty, but you have also perpetuated this cult of dependency and victim hood. >> bill: that's pretty true. what you are say something true. >> in the mackenzie survey you are talking about rich is getting richer and poorer getting poorer. that's the failure of trickle down economics. have you seen time and time
and gloom for the market watchers. what's the truth here. >> traders for a long time figured this was no big deal a big oner. recently they started to take action pulling gold prices higher over $1,600 a troy ounce and a weak dollar means that oil prices are spiking higher almost to $100 a barrel. bar the door if we actually have a default then you could see the big impacts a big market sell-off spiking interest rates. >> shepard: default a much bigger deal than a downgrade. a lot of folks suggest a downgrade coming either way. >> a downgrade could come any time. very big impact on consumer interest rates, mortgage rates, small business loans. you name it, they become more exeivel if those interest rates move higher. also stocks could sell off not good news for your 401(k), shep. >> shepard: no doubt. gerri willis fox business news. her report 5:00 eastern time, 4:00 central on the fox business network jewels up the dial. one republican leader says president obama would rather give speeches about the debt crisis than find a solution. but the president's experts say he is the one actually tal
, of course, we know how things will go from there? >> laura: before we go to ed, tell us about this big balanced budget amendment added after all this tea party pressure. added this to the final boehner bill, passed with still a squeaker vote what does that actually mean. >> 6:30 tonight eastern time, the second boehner bill passed. it's really the thirds if you count cut, cap, and balance. this bill which was so unpalatable to his tea party pull it from consideration. consideration. by virtue of still the same bill two rounds of increasing the debt ceiling. so on. for the president to get round 2 of the extension to the debt ceiling, congress must have sent to the states for their ratification a balanced budget amendment. that requires in each chamber, the house and the senate, a two thirds vote. >> laura: they don't have two in other words of the house of representatives. >> the idea that they would ever see a two thirds voted for balanced budget amendment is folly. but this was what the tea party caucus demanded. >> laura: let's go to ed henry. ed is joining us now from the white hou
was big news there and big news here. how else did the media react and what else have we learned about the scandal. >> republicans have laid out a responsible and detailed path forward, and the house has passed it. >> jon: the house passes a plan to fix the debt crisis, but the media condemn the effort. >> do we really have time for a plan that is really just show? >> and the great debt debate goes on with more distortion from the liberal press? >> there he's saying brinksmanship, trickery around the time of a deadline just to get your way is sort of economic terrorism. >> has the negative media coverage hurt the effort. >> g.o.p. presidential candidate michele bachmann goes on the defensive after a negative story about her health and ability. did that story fail the journalistic ethics test? >> having fired the imagination of a generation, a ship like no other, its place in history secured, the space shuttle pulls into port for the last time. >> and an end to an era, with no clear future for a u.s. role in space, if the media lost interest? and captain america is back. and the media r
you noticed! these clothes are too big, so i'm donating them. how'd you do it? eating right, whole grain. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios... five whole grains, 110 calories. >> all right. continuing from our nation's capital. where we're looking at the possibility that a downgrade of u.s. debt could be imminent, that riles a lot of folks, ratings agencies doing it certainly before the august 2nd deadline. it's a whole other bet. and we're downgrade is inevitable, i told folks on this network and elsewhere that i think it is inevitable regardless of the kind of deal that they make. but having said that, barney frank did raise an interesting issue and one i want to talk up with a colleague and friend, house producer, just because that happens, it doesn't mean you just unload en masse triple-a securities because you're under the assumption, let's say you're a bank or brokerage house, chad, that you have to. what do you make of that? >> that's the interesting thing. it doesn't work like the government
of the need for a course correction. but weeks of negotiations have shown his commitment to big government is simply too great to lead to the kind of long-term reforms we need. >> reporter: reid says lawmakers must find a solution. >> we'll stay in session every day, saturday and sunday until congress passes legislation to prevent the united states from defaulting on negotiation. >> reporter: in chicago, key ally expressed support for the mcconnell-reid plan. >> more work to be done. joint committee can tackle it but it's responsible way out of the crisis. >> reporter: lindsey graham favors constitutional amendment but there isn't enough support in the senate. >> we have the people behind us. 72% of the american people want balanced budget. >> reporter: the president called for shared sacrifice. >> i am still pushing for to us achieve a big deal. but what i said to the group is if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a down payment on deficit reduction. >> reporter: but the cochair of the president's own deficit commission ha
's the big deal? i don't get it. i know mickey rooney personally. he is a former drunk and a nice guy. he is. walt disney named him mickey. did you know that sf. >> really? >> yeah, true story. but it is not worth going through. >> walt disney named the mouse mickey. >> he asked mickey -- whatever his name is, edward rooney, when his mother took him to california to be a child star he wandered into disney and there was walt disney showing this new mouse. and mickey rooney said, you should call him mickey. he said, that's a good idea. and then he adopted the name mickey. that's a true story. >> do you believe that? >> yes because i'm just so psyched that you are here and we are able to discuss mickey mickey mouse. i have been here like, what, 20 times? >> my kid made me listen to your music last night because he was appalled i didn't keep up with your music. it was fine. >> thank you. that means a lot. >> you obviously understand and get more than most people in a lifetime. >> i forgot my 30s. that's the problem. >> we are going to get back to that. . >> welcome to the show. you are still her
are expressing here. is what every small medium and big-size business owner thinks and believes now. big government, big spending, big tax. big entitlement government produced enormous cost and uncertainty. >> go ahead, bob. >> bob: can i have something to say between the anarchists going along with this. >> it's government, bob. >> bob: the person from pepsi and coca-cola both signed the letter from the chamber they wanted to see the debt ceiling thing go through. and the second thing is when you sit back and say this is the biggest scam on the american people. >> ever. >> bob: the biggest scam is allow you guys and tea party people taking the country over the edge which is what you're doing. it's not patriotic. as i said all week, anarchists. >> by the way -- >> we're almost over. they have a vote on "cut, cap and balance" tomorrow. so you know, so we're almost out of the woods. >> okay. >> greg: awesome. >> andrea: all right. we have more to get through. stay with us. don't forget, we want to hear from you so e-mail us at thefive@foxnews.com. we'll be right back. ♪ ♪ >> eric: "the
and that could seem like a big hit, but close to 97 points today, but obviously celebrated by day's end but with the losses here, we are battling reaction to not only no progress on talks in washington, but not much good news on the economy, in general, with more indications of that from a hot -- host of companies including merck laying off 13,000. and at 6:00 p.m. eastern, we are waiting for two hours when the house of representatives will take up the boehner measure. that is the measure that will include a balanced budget amendment to make it more palatable for conservative members who did not quite fine it their cup of tea. the tea partyers were not fond of it and even if john boehner gets the vote what happens after that? harry reid has all but said he will table it, and it is not going anywhere, and he has his own plan in the senate which will be introduced this weekend, which is not palatable to all of his members and may not make the 60 vote he needs and after the senate would not get any support in the house of representatives. so we are at loggerheads. reaction from republican
of the problem we face as a nation. i'm a big supporter of cut, cap and balance. we had a historic vote last week that i believe was one much the most powerful votes for a taxpayer and to move to a different position wasn't some where i could go. no, it wasn't difficult. >> greta: it had some wording about a balanced budget. that didn't satisfy you? >> that was after $900 billion released and credit extended as a nation. we were saying you can have 900 billion more dollars to spend but later we will consider a balanced budget amendment. my position is we need to discuss the reforms in place now today before we extend our credit limit any more. there were are cuts and savings. only $7 billion next year compared to $900 billion of credit being released and that is nothing. that is absolutely nothing. it is one fifth of one penny of what we spend each year is what we were going to say. >> greta: sitting on the house floor and you are voting no and speaker wants you you to vote yes on it. like bad vibes, you sort of want to get out the door? >> not really. >> greta: did you tell him yourself you were
passed by unanimous consent in the senate. >> the big difference is we have a much, much more ideological and left wing liberal president now than we had in bill clinton who was much more practical about this. president clinton acknowledged and accepted the proposition that we ought to get on a path to a balanced budget. >> liberals with long memories cite the degree to which the house speaker, newt gingrich then, john boehner today, exercised control over their own caucuses. scot lilly, now a senior fellow at the center for american progress, argues gingrich could more easily forge a deal because gingrich was more involved than boehner in recruiting the freshmen. >> he was timetable bring them along. he was part of their revolution in a way. speaker boehner is seen, i think, within the conference as a more moderate voice. i think he's not as trusted by the conservative elements within his -- within the republican conference. >> analysts also cited the rise of the internet, which serves some say to inflame opinion on both sides and make compromise more difficult, and the economy. the unem
says she manages the migraine with medication and is otherwise healthy. with all of that said, big news out of texas today, the gor rick perry who said he recently feels a calling to national politics has now gotten green light from key constituent, his wife. >> as my wife was talking to me and says get out of your comfort zone. yeah, being governor of texas is a great job. but sometimes you are called to step in to the fray. >> reporter: no word on a timetable yet. unclear whether perry will participate in the straw poll. his aides here tried to respect event facilities and were told they missed the deadline now they're pulling back resources. perhaps he won't participate the straw poll but there is a chance he could be on the debate stage a few days beforehand. >> bret: a lot of flirting here going on. thank you. we'll talk about it in the panel. the man charged with the 2009 fort hood shooting rampage major nidal hasan was arraigned today and faces 13 counts of premeditated murder and 32 counts of attempted premeditated murder. the prosecution is seeking the death penalty. we'll show
the problem. in two or three years we have a debt crisis. we have to do big bold things or that is where we are head. calling balancing the budget dangerous is unbelievable. here's what we have to do. look mr. president put a plan on the table and we have 16 days and if the president can put details to a plan let's have a national debate and let the american people decide if they want cutting in spending or requiring a balanced budget or common sense versus the president's plan. >> i didn't say it was dangerous. we want to balance the budget. it doesn't balance that budget until 2040. it would require you to lift the debt ceiling by eight trillion. >> gentlemen, we have a lot to cover. we'll get back to a bunch of the issues. if cut, cap and balance fails and i must say most people say whether it is good policy or not, the chance of it passing are slim . the most likely fall back and mitch mcconle's plan. it would allow the president to raise the debt limit two and half trillion without spending cuts and there is talk of floating a trillion in cuts. congressman ben holland. wouldn't that be
>> he uses the "n" word, the c word, the f word, yet, he is treated like royalty? >> bill: big name rammers are after laura ingraham for criticizing them. miss laura will tell us if she is upset by that she is very upset that a baggage handler stole some of her stuff. >> i shall resign the presidency effective at noon tomorrow. ♪ happy birthday mr. president. >> bill: also ahead, the great american news quiz, the corruption edition. how much do you know about abysmal behavior? >> it depends upon what the meaning of the word is is. >> bill: caution, you are about to enter the no spin zone. the factor begins right now. captions by closed captioning services >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. is the tea party self-destructive? that is the subject of this evening's talking points memo. from the beginning i have supported the tea party because i believe it empowers individual americans always a good thing. also the tea party wants fiscal responsibility and a smaller federal government. again, those are good things as well. but now the tea party has come to
15 minutes. the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on leaders from both parties to negotiate and called on the american people to call their lawmakers to tell them to make a deal to come to a compromise. to avoid default in what he called a financial problem for the united states, a big problem. while we wait for the republican response from house speaker john boehner, let's go to chief white house correspondent ed henry. >> reporter: the contrast was striking. the president flat out saying the other guys are part of a three-ring circus i'm about common ground, balance, compromise. that's because as we noted before he is trying to
.s. and around the world asking what one big. i'm harris falkner, this is the fox report. where will she resurface? after a verdict that sprung her from jail prompted this backlash. in minutes, the elaborate message to make casey anthony disappear from public view. plus, the terrifying home invasion at this u.s. congressman's house, that leaves him face-to-face with an armed intruder. and that's it, construction triggering carmageddon along the 405 in southern california finishing hours ahead of schedule, but way too late for this driver. the details behind this high speed chase that hit almost every other major l.a. highway. first, casey anthony, out there somewhere tonight, living her life. right now, no word of where or how. >> we hate you!. >> harris: protesters among those who gathered outside the orlando jail when the florida acquitted of murdering her two-year-old daughter caylee was set free. casey left jail this morning, her attorney, jose baez at her side. warrening a pink t-shirt, blue jeans and sneakers, said quietly thank you to a deputy sheriff and two armed with rifles. wi
jersey, hit 106, the highest temperature, ever, for any day, ever, in newark. that shows how big this area of heat is. you can still see heat advisories extending from kansas and toward the mid-atlantic and the eastern seaboard. the heat index from kansas is 106 in wichita and 109 in st. louis and creeping across the northern planes and 92 in minute appear police but the bull's eye is the eastern seaboard and now up to 121 is what it feels like in washington, dc, incredible, and i am sure that is record. and dover, 119, and 116 in newark. a day to stay indoors. at night the temperatures only dropping into the mid 80's. so the house does not cool down and not catching any break from the heat. >> i look forward to the next ice age. when will it end? rick: we are mid-july so the hottest, anyway, so well not see a huge relief but a relief across the north. tomorrow, 94 in chicago and hot across the eastern seaboard at 10- to 15-degrees below today's heat index but the dark colors it heats back up and folks across the south, especially kansas and oklahoma have been dealing with the he
finally came out publicly with a bipartisan, big, tough plan, a framework for how to deal with our very real challenge with our record deficits and debt. it's my hope that the senate will consider cut, cap and be balance, defeat it and then put a responsible plan on the floor, one that shares the sacrifice across all the areas of our budget and that puts forward the kind of framework that everyone can support. bill: okay. on the cut, cap and balance, so you agree with harry reid that this is a waste of time on a balanced budget. why would a balanced budget amendment when polls show 72% of those surveyed favor it, why would you be opposed to that, senator? >> i don't speak for leader reid, obviously, but what i think the leader was suggesting was that with ten days left until we default on america's mortgage, we should be focusing on things that have a very real chance of passage in both houses and that can avoid the catastrophic consequences of defaulting on america's debt. i think leader reid and many of us in the senate are concerned that if we simply keep ping-ponging back and forth
it could be a big day for our whole entire country. >> and the news is whether we've got a deal or not. shortly after ten o'clock last night. harry reid said you know, i was going to have everybody show up in the mid feel the night and take a vote at 1 a.m. and he received word from the white house that apparently, the white house and this really hacks him off, you know, because it kind of bypasses him, and former speaker pelosi, dealing directly with mitch mcconnell, joe biden 6789 it sounds like they've got a deal, and close to a deal and some of of the frame work as well to talk about it. >> yeah, it looks like it's been going back and forth and take a look, it looks like debt ceiling increase, 1.2 trillion to 2.4 last night last through the night and living in my office, as high as 2.8 trillion dollars in debt ceiling increases, spending cuts have to be about the same amount commensurate. >> dollar for dollar. >> at least if not more. >> and guys, there's a little bit of wrangling whether or not that balanced budget amendment that john boehner needed so badly to get the house to vo
know they are all big boys. and i suspect that speaker boehner in a few minutes. again, can you see what we are waiting on, speaker boehner, we believe within minutes is going to come before cameras and microphones there in the pressroom in the house and give his response to the president's comments. i know they are big boys but the president did go after republicans, especially house republicans. and especially house tea party republicans in this session. does that make it harder to deal or do they just sort of -- >> yeah, probably. but i mean the president has been doing this all along. he did it more forcefully today than he has in the past. remember when he gave the speech at george washington university paul ryan who had pointed out a budget and risks about these things and the president went after him about it it's not the first time. i suspect it's not going to be the last. boehner has a difficult job but simple task. he needs to show up at 11:00 a.m. tomorrow morning that something that house republicans, 218 of them can agree on them. something that's long overdue. i was re
, and it cracks. what happens is the road actually buckles or explodes, as they say, which leads to those big, major potholes. that causes traffic jams, it also leads to city budgets being drained because of the work crews. it's not just the roads. you look at some of the homes. again, the ground dries up, no rain to moisten it, and what happens is it cracks. and when the ground cracks, your home settles. when your home settles, the foundation -- as you can see there -- cracks. it is a major, major concern. listen to this. >> we're just noticing them all over the outside of our house. i am worried. um, i don't know what to do, i mean, do i ke my hose on or my sprinkler on? >> reporter: when the temperatus stay in the 90s for extended period of times, the -- periods of time, the problem for farmers is trying to keep their animals and plants cool, and it's almost impossible, so you have many animals that are dying. that leads to rising food prices. listen to one farmer. >> those birds were full size, current goes off, i've got less than five minutes to get fans running. and if it fries somethin
that's responsible for this fear in america. >> bill: big time entertainment mogul steve scorches president obama saying that big business fears his administration. but is that true? we'll have analysis. >> no, no, no.. thingsre tight in britain between anti-rupert -- we'll have the latest on that. >> did you ever cheat in school. >> i never cheated on a test but homework. >> yes to be honest. >> john stossel on cheating and charles krauthammer on what happens if sarah palin enters the presidential race. caution, you are about to enter the no spin zone, the factor begins right now. captions by closed captioning services >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. does big business fear president obama? that is the subject of this evening's talking points memo. first of all, i'm not going to report all the minutia surrounding the debt debate. most of it is nonsense and doesn't affect you at all. most in government believe some debt deal will get done. that's speculation if anything concrete happens the factor will report it immediately. even if the debt ceiling
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